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MobileOne Ltd
announced its unaudited group financial results for the nine months ended 30 September 2007. Net profit after tax increased by 7.3% to S$133.9 million year on year. Operating and service revenue grew by 4.3% and 6.0% to S$596.4 million and S$540.0 million respectively. Net profit margin on service revenue for the nine months of 2007 improved by 0.3 percentage points to 24.8%. M1 added 58,000 new customers in the third quarter to bring its total customer base to 1.467 million. Data usage continued to grow, with non-voice services contributing 21.7% to service revenue in the quarter, compared to 19.2% in the same period last year.|
The start of a 'take over'? Anybody has any insight to this? Keppel Telecommunications & Transportation - Buying into M1 17 Aug 2007 Keppel Telecommunications & Transportation has bought about 12 mln shares in MobileOne (M1) at S$25.6 mln. On average, each share is priced at S$2.124. The shares were bought in the open market between 18 June and 17 August. |
KiLrOy Securities call for SELL on M1. TP 2.00 for investor opportunity to accummulate.
Philip Securities also call for HOLD on M1.
Fair Value - $2.38
MobileOne announced a good set of 2Q07 results. Revenue came in at S$199.8m (+1.7% QoQ, 4.0% YoY) with net profit for the quarter at S$40.6m (-19.0% QoQ, +10.0% YoY). The poorer sequential bottom-line performance is due to high base in 1Q07 due to tax adjustments. Excluding this one-off effect (i.e. at pre-tax level), M1 would have seen its profitability boosted +10.0% QoQ and 7.2% YoY. Better operating performance appears to be driven by revenue growth (specifically from postpaid segment) and lower operating expenses. This is clearly reflected in the EBITDA improvement of +7.5% QoQ and 6.0% YoY to S$81.9m. Finally M1 is now guiding for single-digit earnings growth and is probably due to less competition arising from the delay in the implementation of mobile number portability. This in turn should help reduce acquisition cost and retention costs. For 1H07, M1 has declared an interim dividend of 2.5 cents plus a capital reduction of 4.6 cents. The total payout of 7.1 cents translates to a payout ratio of 70% and a yield of 3.3%. We maintain our S$2.33 fair value and our HOLD rating. From OCBC.
Both Vickers and OCBC calling for HOLD because current price is the fair value.
Why ? MI (M1-10) BI is blank -------- and not trading this last few days, anyone care to explain. Thk...
. I got some 700 shares left and how to clear them?.
. I got some 700 shares left and how to clear them?.
M1 trading price sem moving up....closed +2cts on vol: 2,448 lots
| Time | Last | Volume | Bid/Ask |
| 17:05:04 | 2.280 | 88,000 | X |
| 16:59:53 | 2.270 | 1,000 | B |
| 16:59:33 | 2.260 | 1,000 | B |
Traded Summary: 1st June 2007 (Fri)
| Last | Trades | Volume | Bid Volume | Mid | Ask Volume |
| 2.230 | 19 | 71,000 | 52,000 | 0 | 19,000 |
| 2.240 | 42 | 403,000 | 195,000 | 0 | 208,000 |
| 2.250 | 28 | 189,000 | 61,000 | 0 | 128,000 |
| 2.260 | 12 | 48,000 | 12,000 | 0 | 36,000 |
| 2.270 | 19 | 124,000 | 103,000 | 0 | 21,000 |
| 2.280 | 18 | 204,000 | 47,000 | 88,000 | 69,000 |
| 2.290 | 28 | 245,000 | 89,000 | 0 | 156,000 |
| 2.300 | 49 | 493,000 | 121,000 | 28,000 | 344,000 |
| 2.310 | 34 | 381,000 | 104,000 | 0 | 277,000 |
| 2.320 | 9 | 163,000 | 3,000 | 0 | 160,000 |
| 2.330 | 4 | 8,000 | 5,000 | 0 | 3,000 |
| 2.340 | 6 | 119,000 | 5,000 | 0 | 114,000 |
| TOTAL | 268 | 2,448,000 | 797,000 | 116,000 | 1,535,000 |